With the mortgage lenders now tightening the subprime lending industry’s standard, will it make it harder for me to refinance in the up coming months? I purchased my home two yrs ago with a 100% financing, and am looking to refinance in the next few months. Does that means I would not able to refi? I don’t have any equity since prices have came down a bit. I made all my payments on time if that helps. The crazy thing is that regulators are now pressuring the lending industry to reduce or stop making subprime loans, aren’t they making the matter worst? I mean I can see the benefits of this but does it only applies to new home loans, existing loans, or both? I’m sure i’m not alone but what everyone will do simliar to my situation? Please advice….
Posts Tagged ‘crazy thing’
Refinance drama…..am i alone?
Wednesday, August 12th, 2009Related ‘crazy thing’ sites :
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